News
2018.12.19-National New Deal Released, Greatly Favoring Synthetic Rubber Industry
Release time:
2018-12-19 15:34
For a long time, the inconsistent classification of synthetic rubber in customs declaration and the inconsistent implementation of tax rates have had a greater impact on its exports. On December 6, the General Administration of Customs issued a decision on the classification of some commodities in 2018. The announcement solved this problem to a certain extent.
Industry insiders said that the classification of synthetic rubber has plagued the industry for many years. As the state's export tax rebate rate for general trade synthetic rubber "plates, sheets and belts" was adjusted to zero in July 2011, the judgment on the export classification of synthetic rubber directly affected the export tax rebate rate of products, resulting in a significant decline in the export volume of synthetic rubber, with the export volume of synthetic rubber falling from a peak of 290000 tons in 2011 to about 200000 tons.
After the country issued the classification decision of synthetic rubber in December 2007, the actual implementation resulted in not classifying synthetic rubber products according to the actual form, and expanded the classification scope of synthetic rubber "plate, sheet and belt", and classified most of the "block" primary shape rubber normally produced as "plate, sheet and belt", as a result, the number of synthetic rubber import and export commodities classified as "plates, sheets and belts" has increased year by year.
The classification revision released this time has added the description of the classification of synthetic rubber according to the primary shape, which will promote the accurate classification and unification of the import and export commodities of synthetic rubber and have a positive impact on increasing the export of synthetic rubber. At present, the export tax rebate rate of synthetic rubber primary shape products has been increased to 10% and 13%, and it is expected that the number of synthetic rubber exports with primary shape will increase year by year, this may promote the production of China's synthetic rubber in the world to the international market.
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